Income from Korean Wave Intell Property Rights Rises to $800 Mil.
Income from Korean Wave Intell Property Rights Rises to $800 Mil.
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2013.07.22 18:48
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SEOUL, KOREA- Following the "Psy fever" last year, Korea's income from Korean Wave intellectual property rights has increased by a large margin.According to the Bank of Korea on July 21, the intellectual property-related income earned by entertainment companies last year was US$800 million, up 17.6 percent from the previous year's $680 million.
 
Its share in the total intellectual property income has also increased to 23.3 percent from 15.7 percent in 2011. The income from intellectual property rights related to the Korean Wave include those earnings made by game developers, TV stations, and film makers, and music producers from selling contents overseas.
 
Of these, the income earned by game companies account for as much as 85 percent at $680 million. Only five years ago, the game companies had earned only $170 million from such sources.

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